PayPal Holdings, Inc.

NasdaqGS-PYPL

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	4,917	4,679	4,546	4,147	4,428	4,438
Net Income
Depreciation & Amortization	978	988	1,012	1,032	1,046	1,061
Depreciation and Amortization
Stock Based Compensation	1,075	1,102	1,114	1,230	1,335	1,430
Stock-Based Compensation
Other Adjustments	1,993	1,577	1,587	1,745	877	689
Transaction and Credit Losses
Deferred Income Taxes
Gain on Sale of Principal Loans Receivable Held for Sale, Net
Excess Tax Benefits from Stock-Based Compensation
Net Gains on Strategic Investments
Gain on Divestiture of Business, Excluding Transaction Costs
Accretion of Discounts on Investments, Net of Amortization of Premiums
Adjustments to Loans and Interest Receivable, Held for Sale
Other
Changes in Trade Receivables	65	-112	26	85	-48	-68
Accounts Receivable
Receivable from eBay
Changes in Accounts Payable	53	44	53	83	37	8
Accounts Payable
Payable to eBay
Changes in Income Taxes Payable	—	—	—	—	—	—
Income Taxes Payable
Changes in Other Operating Activities	-2,655	-2,212	-1,645	-1,598	351	113
Originations of Loans Receivable, Held for Sale
Proceeds from Repayments and Sales of Loans Receivable, Originally Classified as Held for Sale
Changes in Loans and Interest Receivable Held for Sale, Net
Transaction Loss Allowance for Cash Losses, Net
Other Current Assets and Non-Current Assets
Other Current Liabilities and Non-Current Liabilities
Other Assets and Liabilities
Cash from Operating Activities	6,426	6,066	6,693	7,450	7,670	7,315
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-861	-774	-725	-683	-625	-614
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	4	4.5	3.5	1	1.5	5
Proceeds from Sales of Property and Equipment
Purchases of Investments	-21,341	-21,769	-25,098	-26,209	-27,824	-27,461
Purchases of Investments
Proceeds from Sale of Investments	24,810	24,316	23,185	26,962	29,364	27,794
Maturities and Sales of Investments
Payments for Business Acquisitions	—	—	—	—	—	—
Acquisitions, Net of Cash and Restricted Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Divestiture of Business, Net of Cash Divested
Other Investing Activities	949	-218.5	-333.5	1,518	-2,604.5	-4,598
Purchases of Reverse Repurchase Agreements
Maturities of Reverse Repurchase Agreements
Changes in Principal Loans Receivable, Net
Proceeds from Repayments and Sales of Loans Receivable, Originally Classified as Held for Investment
Funds Receivable and Customer Accounts
Notes Payable and Receivable from eBay
Funds Receivable
Collateral Posted Related to Derivative Instruments, Net
Other
Purchases and Originations of Loans Receivable
Cash from Investing Activities	3,452	1,479	-3,048	1,589	-1,302	-4,408
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	2,949	871	466	656	656	—
Borrowings from Repurchase Agreements
Repayments of Short-Term Debt	-2,949	-871	-466	-656	-656	—
Repayments of Repurchase Agreements
Issuance of Long-Term Debt	2,237	1,623	2,922	1,546	2,245	2,222
Borrowings Under Financing Arrangements
Repayments of Long-Term Debt	-3,204	-3,082	-1,927	-1,661	-1,147	-577.5
Repayments Under Financing Arrangements
Net Issuance / (Repayments) of Long-Term Debt	-967	-1,459	995	-115	1,098	1,644.5
Issuance of Common Shares	—	—	—	95	—	—
Proceeds from Issuance of Common Stock
Repurchases of Common Shares	-5,820	-6,096	-6,046	-6,047	-5,385	-5,043
Purchases of Treasury Stock
Net Issuance / (Repurchases) of Common Shares	-5,820	-6,096	-6,046	-5,952	-5,385	-5,043
Other Financing Activities	-921	-1,478	-589	-2,209	1,871	4,162
Excess Tax Benefits from Stock-Based Compensation
Contribution from eBay
Tax Withholdings Related to Net Share Settlements of Equity Awards
Funds Payable and Amounts Due to Customers
Collateral Received Related to Derivative Instruments and Reverse Repurchase Agreements, Net
Other
Cash from Financing Activities	-7,594	-8,294	-4,920	-8,276	-1,691	899
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	5,565	5,292	5,968	6,767	7,045	6,701
NOPAT	4,852.2	4,689.4	4,517.4	4,143.9	4,350.5	4,239
Levered Free Cash Flow	1,465	1,266	4,236	2,866	6,335	6,650.5
Unlevered Free Cash Flow	2,367.2	2,735.4	3,212.4	2,977.9	5,159.5	4,807
Net Change in Cash	2,284	-749	-1,275	763	4,677	3,806